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jfklganyc
Topic Author
Posts: 5468
Joined: Mon Jan 05, 2004 2:31 pm

B6 Profit Sharing

Thu Feb 28, 2019 12:10 pm

Around numbers, give or take for seniority

-$350 for pilots
-$100 for Flight Attendants
-$50-$75 for Airport/Ground workers

.2 percent of salary

On $750 million in profits.

Thoughts?

What do other airlines pay towards profit sharing?
 
jfk777
Posts: 7045
Joined: Tue Aug 22, 2006 7:23 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 12:14 pm

Nothing compared to the Auto workers checks of nearly $10K.
 
jumbojet
Posts: 2889
Joined: Mon Dec 29, 2003 3:01 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 12:40 pm

jfk777 wrote:
Nothing compared to the Auto workers checks of nearly $10K.


Or to DL pilots. Didnt some DL Pilots get 3x that amount?
 
ilovelamp
Posts: 318
Joined: Tue Dec 05, 2017 12:45 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 1:47 pm

DL paid out $1.3B in PS on Feb 14th. Average per employee was $16k. Regardless, each employee received 14.1% of eligible 2018 wages.

I don’t have specific numbers other than my own payout, but I’d wager the average pilot PS was much more than $16k.
 
don0245
Posts: 26
Joined: Mon Oct 10, 2005 1:44 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 2:48 pm

Haters will hate!
 
KICT
Posts: 815
Joined: Fri Jun 16, 2017 11:54 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 2:58 pm

Hate? Hate what? The reality that one could make more money working elsewhere and/or get profit sharing checks on par with that of my industry peers?
People are saying. Believe me.
 
Dieuwer
Posts: 1528
Joined: Tue Dec 26, 2017 6:27 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 3:26 pm

KICT wrote:
Hate? Hate what? The reality that one could make more money working elsewhere and/or get profit sharing checks on par with that of my industry peers?


Then why don't you quit JetBlue and go work for Delta. :idea:
 
Moosefire
Posts: 94
Joined: Wed Aug 15, 2018 12:47 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 3:43 pm

don0245 wrote:
Haters will hate!


It’s actually a pretty valid post. That’s gotta make a dent in their ability to retain talent, which might be the point.
MD-11F/C-17A Pilot
 
T773ER
Posts: 283
Joined: Tue Dec 05, 2006 7:13 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 3:43 pm

ilovelamp wrote:
DL paid out $1.3B in PS on Feb 14th. Average per employee was $16k. Regardless, each employee received 14.1% of eligible 2018 wages.

I don’t have specific numbers other than my own payout, but I’d wager the average pilot PS was much more than $16k.


Most captain PS checks are likely double 16k, with many well above that.
 
KICT
Posts: 815
Joined: Fri Jun 16, 2017 11:54 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 3:48 pm

Dieuwer wrote:
KICT wrote:
Hate? Hate what? The reality that one could make more money working elsewhere and/or get profit sharing checks on par with that of my industry peers?


Then why don't you quit JetBlue and go work for Delta. :idea:

I don't work for JetBlue...
Great idea by the way. "If you don't like working here at JetBlue, go work for X airline."
Someone should hire you into an airline management role at B6. Actually I would not be surprised if find out that you are the CEO himself.
In fact you should tell that directly to the face of every JetBlue employee. That'll go over quite well.
Last edited by KICT on Thu Feb 28, 2019 3:58 pm, edited 1 time in total.
People are saying. Believe me.
 
MIflyer12
Posts: 5846
Joined: Mon Feb 18, 2013 11:58 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 3:51 pm

jfklganyc wrote:
Around numbers, give or take for seniority

-$350 for pilots
-$100 for Flight Attendants
-$50-$75 for Airport/Ground workers

.2 percent of salary

On $750 million in profits.


$750 million is profits? Where and when? The 4Q income press release shows $219 million in EBIT for the year, for a pre-tax margin of 2.9%.
 
ericm2031
Posts: 1085
Joined: Tue Jun 19, 2012 8:46 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 3:57 pm

Does B6 give out any other sort of performance bonuses throughout the year? If not, those numbers are closer to monthly bonuses, even for regionals and/or ground handlers.
 
winginit
Posts: 2555
Joined: Sat Feb 23, 2013 9:23 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 4:05 pm

jfklganyc wrote:
What do other airlines pay towards profit sharing?


The profit sharing of other airlines was discussed at length here
 
Jeff G
Posts: 440
Joined: Fri Jan 18, 2002 9:56 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 4:17 pm

MIflyer12 wrote:
jfklganyc wrote:
Around numbers, give or take for seniority

-$350 for pilots
-$100 for Flight Attendants
-$50-$75 for Airport/Ground workers

.2 percent of salary

On $750 million in profits.


$750 million is profits? Where and when? The 4Q income press release shows $219 million in EBIT for the year, for a pre-tax margin of 2.9%.


It was about $720 million for profit sharing purposes. They backed out the special items for the E190 retirement and the effects of the pilot contract. Still, after applying the profit sharing formula, the employees received about $3 million.
 
IndustryLeading
Posts: 1
Joined: Thu Feb 28, 2019 4:06 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 4:22 pm

MIflyer12 wrote:
jfklganyc wrote:
Around numbers, give or take for seniority

-$350 for pilots
-$100 for Flight Attendants
-$50-$75 for Airport/Ground workers

.2 percent of salary

On $750 million in profits.


$750 million is profits? Where and when? The 4Q income press release shows $219 million in EBIT for the year, for a pre-tax margin of 2.9%.


One time and special non cash items are subtracted from EBIT and but included in PS formulas.

B6 had $726m in adjusted EBIT and $1,394M of eligible wages for a 5.02% profit sharing percentage payout.

But then the company takes the first basis points from the 5.02% so the employees are bestowed 0.02%.

If we had a middle of the road formula and B6 did not take the first 5 points we should have seen about 8%. But that is over $105 million jetblue just kept because they could.

But we have to keep B6 different and this pilot group is really good at that and some even pride themselves on how hard they try to keep jetblue different. It usually starts with: "if you don't like it quit"
 
CobaltScar
Posts: 462
Joined: Thu Mar 23, 2017 2:30 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 4:24 pm

Dieuwer wrote:
KICT wrote:
Hate? Hate what? The reality that one could make more money working elsewhere and/or get profit sharing checks on par with that of my industry peers?


Then why don't you quit JetBlue and go work for Delta. :idea:



And lose years of seniority? Smarter to wait for the merge.

If people in the industry could transfer their seniority from carrier to carrier, the stampede you'd see would eclipse all the roundups of the 19th century put together.
 
Blueballs
Posts: 53
Joined: Wed Jan 11, 2017 2:21 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 6:15 pm

.02%. That’s how much I care about helping the operation as I get countless emails begging for help
.02% that’s how much I hope that we don’t merge
100% that’s how much I hope Johanna and Joel Petersen are shown the door
 
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EWR22LAS25
Posts: 10
Joined: Fri Jul 20, 2018 7:21 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 8:46 pm

Preface - I worked for B6 during the Neeleman and then Barger reigns. The culture has become toxic. Their current president has talent, but she's out of her lane. She should be their SVP/General Counsel. The President should be a solid operational person. That's why Barger excelled in that role initially. Robin Hayes is an opportunist, but he's done a good job on the product.
They have considerable talent among their senior VP staff. Rachel McCarthy is a huge asset for B6. For my money however, Marty St. George is an amazing leader who knows the industry back and fourth. He's well respected and has the ability to reach the front lines. He's a Boston guy and has the resume to back up his chops. He wouldn't surround himself with sycophants like the current group does, or like the prior group did when they brought in the cast offs that DL didn't want any longer.
 
flyby519
Posts: 1430
Joined: Tue Jul 24, 2007 3:31 am

Re: B6 Profit Sharing

Thu Feb 28, 2019 9:06 pm

Dieuwer wrote:
KICT wrote:
Hate? Hate what? The reality that one could make more money working elsewhere and/or get profit sharing checks on par with that of my industry peers?


Then why don't you quit JetBlue and go work for Delta. :idea:


Yea, funny thing. I called up Delta and told them to clear a spot for me and I would be there on Monday to start. Didn’t work out as easy as you proclaim it to be.
 
Dieuwer
Posts: 1528
Joined: Tue Dec 26, 2017 6:27 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 9:29 pm

flyby519 wrote:
Dieuwer wrote:
KICT wrote:
Hate? Hate what? The reality that one could make more money working elsewhere and/or get profit sharing checks on par with that of my industry peers?


Then why don't you quit JetBlue and go work for Delta. :idea:


Yea, funny thing. I called up Delta and told them to clear a spot for me and I would be there on Monday to start. Didn’t work out as easy as you proclaim it to be.


I don't blame Delta for not hiring people who whine on a.net.
 
User avatar
DarkSnowyNight
Posts: 2315
Joined: Sun Jan 01, 2012 7:59 pm

Re: B6 Profit Sharing

Thu Feb 28, 2019 9:55 pm

flyby519 wrote:

Yea, funny thing. I called up Delta and told them to clear a spot for me and I would be there on Monday to start. Didn’t work out as easy as you proclaim it to be.


Lol, indeed. It's generally pretty amusing that these experts claim there would be a "stampede" to other carriers... whilst not understanding relative lack of liquidity WRT available positions (and of course the total lack of seniority for the few that do exist).

Dieuwer wrote:
I don't blame Delta for not hiring people who whine on a.net.


I wouldn't either. If that were a thing that was true. DL has as many garbage people posting here as any other carrier. Nothing noteworthy there...
"Ya Can't Win, Rocky! There's no Oxygen on Mars!"
"Yeah? That means there's no Oxygen for him Neither..."
 
KICT
Posts: 815
Joined: Fri Jun 16, 2017 11:54 pm

Re: B6 Profit Sharing

Fri Mar 01, 2019 10:30 am

Actually, "whines constantly on Airliners.net" may be a plus on a resume.
People are saying. Believe me.
 
Blueknows
Posts: 307
Joined: Fri Oct 19, 2018 3:31 am

Re: B6 Profit Sharing

Fri Mar 01, 2019 11:35 am

Can't change it unless you make your voice heard. My B6 employees know what I mean.
 
Blueknows
Posts: 307
Joined: Fri Oct 19, 2018 3:31 am

Re: B6 Profit Sharing

Fri Mar 01, 2019 11:35 am

New pay scale out in July ACAT
 
SteelChair
Posts: 1153
Joined: Fri Aug 25, 2017 11:37 am

Re: B6 Profit Sharing

Fri Mar 01, 2019 12:42 pm

A profitsharing payout this small is an insult imho. Why bother?
 
Dieuwer
Posts: 1528
Joined: Tue Dec 26, 2017 6:27 pm

Re: B6 Profit Sharing

Fri Mar 01, 2019 1:58 pm

SteelChair wrote:
A profitsharing payout this small is an insult imho. Why bother?


So you can report it in the press and brag about it.
 
CaptCoolHand
Posts: 43
Joined: Mon Oct 22, 2018 12:24 pm

Re: B6 Profit Sharing

Fri Mar 01, 2019 2:06 pm

Blueknows wrote:
Can't change it unless you make your voice heard. My B6 employees know what I mean.


You mean by multiple work groups voting in unions?

Yep. Voices heard loud and clear.
 
CaptCoolHand
Posts: 43
Joined: Mon Oct 22, 2018 12:24 pm

Re: B6 Profit Sharing

Fri Mar 01, 2019 2:15 pm

Blueknows wrote:
Can't change it unless you make your voice heard. My B6 employees know what I mean.


You mean by multiple work groups voting in unions?

Yep. Voices heard loud and clear.

“Management will get the union they deserve”

Speak up! Works every time. The open door policy is alive and well.
 
User avatar
jfklganyc
Topic Author
Posts: 5468
Joined: Mon Jan 05, 2004 2:31 pm

Re: B6 Profit Sharing

Fri Mar 01, 2019 3:06 pm

This thread veered off

What would $750 million pay out at other airlines?
 
Blueknows
Posts: 307
Joined: Fri Oct 19, 2018 3:31 am

Re: B6 Profit Sharing

Sat Mar 02, 2019 1:28 am

Pilots and in-flight are union not go/ao crew members
 
Planeflyer
Posts: 1428
Joined: Fri Mar 14, 2014 3:49 am

Re: B6 Profit Sharing

Sat Mar 02, 2019 6:15 am

Can’t imagine this will motivate staff.
 
Varsity1
Posts: 1959
Joined: Mon May 02, 2016 4:55 am

Re: B6 Profit Sharing

Sat Mar 02, 2019 6:23 am

$50 for a yearly anything for anyone is ridiculous.
"PPRuNe will no longer allow discussions regarding Etihad Airlines, its employees, executives, agents, or other representatives. Such threads will be deleted." - ME3 thug airlines suing anyone who brings negative information public..

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